City of Somerville header
File #: 212057    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/8/2021 In control: City Council
On agenda: 6/10/2021 Final action: 6/24/2021
Enactment date: 6/10/2021 Enactment #: 212057
Title: Requesting an appropriation and authorization to borrow $11,318,094 in a bond for the Spring Hill Sewer Separation Project and drainage improvements.
Code sections: Bond/BAN -
Attachments: 1. Appropriation Order (Somerville) Spring Hill Sewer and Drainage Improv. - enterprise fund 06_07_2021

  Agenda Text

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Requesting an appropriation and authorization to borrow $11,318,094 in a bond for the Spring Hill Sewer Separation Project and drainage improvements.

 

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Official Text

To the Honorable City Council:

 

I hereby request, subject to the approval of your Honorable City Council, an appropriation in the amount of $11,318,094 in order to finance the Spring Hill Sewer Separation Project and Drainage Improvements. To meet said appropriation, the Treasurer will be authorized to borrow $11,318,094 as provided by MGL Chapter 44.

 

This is a Union Square DIF Project.  Debt service shall be paid from the Sewer Enterprise Fund.

 

My staff will be available to answer any questions you may have. Thank you for your consideration of this matter.

 

Respectfully,

Joseph A. Curtatone, Mayor